Atom fell 3.7% in the 24 -hour session that ended on July 30 at 2:00 p.m., falling from $ 4.60 to $ 4.43 under intense sales pressure. The most aggressive fall occurred between 10:00 and 11:00 GMT, when the price collapsed from $ 4.48 to $ 4.39 in an explosion of volume to 2.71 million, triple the daily average. This strong decrease underlines the domain of sellers and the failure of recent support levels to maintain.
In the last hour of negotiation, ATOM experienced choppy consolidation between $ 4,405 and $ 4,438. A remarkable sale sale at 13:23 GMT saw the Hit Token session session in the middle of 56,962 negotiated units. Although the price recovered slightly to close at $ 4,427, the general employer remained bassist, with resistance to $ 4,438 and the support repeatedly tested about $ 4,405.
Despite the positive developments of the ecosystem, such as the cosmos that reaches the 100 living chains and progresses the integration of XRP through the SDK and IBC cosmos, the market ignored the foundations and focused on technical weakness. With multiple rupture supports and sellers firmly in control, the lower resistance path remains down.
Technical indicators
- Critical support arises at $ 4.39 with high volume confirmation and secondary floor at $ 4.50.
- Resistance Wall accumulates at $ 4.62- $ 4.65 from the first peaks in the session.
- The acceleration of bearish tendency warns of deeper losses towards the target area of $ 4.30- $ 4.35 as the support levels fail.
- The hour action shows $ 4.44 resistance limit gains, while the $ 4.41 support provides a temporary floor.
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